Global Retail automation Market to reach USD 19.20 billion by 2025 | CAGR: 8.8%
Global Retail automation Market is valued at USD 8.96 billion in 2016 is anticipated to grow USD 19.20 billion with the compounded annual growth of 8.8% over the forecast period 2017-2025.
New York 11 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Retail automation industry is poised to raise USD 19.20 billion by 2025. Some key components for the market development will be; rising demand for features such as business optimization and improvement in service quality and market is expected to witness growth in the future owing to the growing adoption of the technology by a number of end users, such as hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies.
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Global Retail automation Market Size study, By Product (Barcode & RFID, POS, Cameras, Electronic Shelf Labels), By End-User (Hypermarkets, Supermarkets, Convenience Stores, Fuel Stations, Pharmacies) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include data logic S.P.A., first data corporation, Fujitsu Limited, Honeywell International Inc., and so on. Other market players discussed in the report include NCR corporation, outer wall Inc., pricer, ZIH Corp., Toshiba global commerce solutions Inc. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- A market is expected to witness growth in the future owing to the growing adoption of the technology by a number of end users, such as hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies.
- Asia Pacific region is witnessing a rise in disposable income, which in turn is expected to drive market growth.
- Increased demand for POS systems has significantly driven the growth of the regional market.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Barcode & RFID
- Electronic shelf labels
- Convenience stores
- Fuel stations
- North America
- Asia Pacific
- Latin America
- Rest of the World